The Central Electricity Regulatory Commission (CERC) does not think that the market is ready for spot trading of renewable energy and has accordingly
Aiming to retain its growth momentum for the current fiscal, P.V. Ramesh, CMD, Rural Electrification Corporation Ltd. (REC) assured that the company is witnessing robust growth in terms of profitability, sanction of projects and disbursement.
Maharashtra utilities are REC’s biggest borrowers, with Maharashtra State Power Distribution Company and Maharashtra State Electricity Distribution Company between them owing Rs 23, 441 crore, or 11.28 per cent of loan book, to the state-owned non-banking finance company.
REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.
REC on Friday said its loan sanctions more than doubled in the quarter ended June from the same period last year.
Government auditor CAG today slammed state-owned REC and PFCfor not following internal guidelines and RBI rules in sanctioning loans to independent powerproducers that led to surge in bad loans.
A parliamentary panel has recommended that a village should be declared electrified only after providing power connections to all households there.
Energy research firm Bridge to India noted that with the combined issuance of $4 billion, India has put itself among the top ten green bond markets in the world.
A total of 3.78 lakh non-solar renewable energy certificates (RECs) were traded at the India Energy Exchange (IEX) in July.
The Rural Electrification Corporation (REC) management spoke to CNBC-TV18 from London on the listing of the company’s Green Bond Issuance.
State-run Rural Electrification Corp (REC) today said that it will extend financial assistance of Rs 85,723 crore to Tamil Nadu power utilities TANGEDCO and TANTRANSCO.